Featured Accounting News

Less than one-third of retirees in a recent survey reported working with a financial adviser, even though nearly seven in 10 are concerned about managing their income throughout retirement.

The IRS has appealed the decision in Kwong, in which the Court of Federal Claims held that the filing deadline for refund claims for penalties and interest was automatically extended due to the COVID-19 disaster declaration.

The IRS will develop an electronic system to track missing taxpayer payments, the agency said in response to a watchdog report.

A global survey of CFOs revealed 66% of finance chiefs place artificial intelligence and digital transformation among their top three change-driving forces.

The AICPA recently submitted almost 200 comments to the IRS regarding its 2026–2027 Priority Guidance Plan.

Only 3% of finance leaders in a recent survey said they remain skeptical about future artificial intelligence payoffs.

The IRS updated its FAQ webpage on Notice CP53E with answers to four more questions, including how to determine if the QR code on the notice is legitimate.

FASB recently published an Accounting Standards Update aimed at improving the financial accounting for and disclosure of activities related to environmental credits and environmental credit obligations.

The IRS has issued final regulations that modify information-reporting obligations for Part IV of Form 8308, Report of a Sale or Exchange of Certain Partnership Interests.

In letters to Congress, the AICPA said it supports legislation that would codify Treasury’s 2025 interim rule limiting beneficial ownership information (BOI) reporting to foreign-owned entities.

The AICPA recently updated an auditing standard designed to modernize how practitioners obtain and evaluate audit evidence from external sources.

The IRS has announced the terms of a new settlement opportunity for certain taxpayers involved in conservation easement disputes with the agency.

New research reveals 48% of employees incorrectly identify AI-generated workplace messages, with 74% confident in their wrong answers.

The IRS and Treasury have introduced temporary regulations regarding the recovery of federal excise tax on dyed fuel under the One Big Beautiful Bill Act.

The AICPA is urging the IRS and Treasury to provide guidance regarding Section 4960 of the tax code that imposes an excise tax on applicable tax-exempt organizations.

A new national survey of hiring managers found that 73% of them use artificial intelligence in their hiring decisions.

Taxpayers and practitioners are unsure whether the CP53E notices they received in the mail are scams or sent in error, a confusion heightened by the inclusion of a QR code.

The IRS recently issued guidance on the establishment of a program for rulings on significant issues to allow taxpayers to request rulings on several significant issues.

The IRS is set to offer limited-time settlements for taxpayers involved in syndicated conservation easement cases.

The SEC recently proposed changes that would allow public companies to switch from quarterly to semiannual reporting.